MARKET CLOSE: NZ shares rise; Meridian gains; Tower, Genesis drop

Fri, 01 May 2015

By Suze Metherell May 1 (BusinessDesk) - New Zealand shares rose, paced by Meridian Energy as investors returned to the stock. Tower fell after it flagged an increase in provisions for Canterbury earthquake claim costs. Genesis Energy extended its decline after saying it would miss its prospectus forecasts. The NZX 50 Index rose 6.064 points, or 0.1 percent, to 5797.4. Within the index, 18 stocks rose, 21 fell and 11 were unchanged. Turnover was $146 million. Meridian rose 0.6 percent to $2.525, and has gained 33 percent this week. Th...

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